Ghana : Selected Issues

This Selected Issues paper on Ghana shows that as a small, open low-income economy, the country faces several major challenges in its conduct of disinflation policy. Ghana has historically experienced volatile and often high inflation rates. The paper also presents a model that recognizes difficulties being faced by Ghana, among them less-than-perfect credibility of announcements of inflation reduction and policymaker aversion both to movements of output from its potential level and to variability in the interest rate.
Publication date: October 2008
ISBN: 9781451815009
$18.00
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Topics covered in this book

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Inflation , inflation , monetary policy , inflation rate , exchange rate , real interest rate

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